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Suppose that when a country opens to free trade in a good, the price of that good rises from $10 to $15. As a result, the domestic quantity supplied rises from 1,000 to 1,020 and the domestic quantity demanded falls from 1,000 to 500. What are the gains from trade? Assume linear domestic supply and demand curves. (Note: If there are overall losses from trade, make your answer negative.)
Yet our theories of investment suggest that investment might also depend on national income: higher income might induce firms to invest more.
The HIPAA privacy rule states, "An individual has the right to inspect and obtain a copy of the individual's protected health information (PHI) in a designated record set."
Studies indicate that the price elasticity of demand for cigarettes is about -0.4.If a pack of cigarettes currently costs $2.0 and the government wants to reduce smoking by 20%, by how much should it increase the price?
Suppose that people expect inflation to equal 3 percent, but in fact, prices rise by 5 percent. Describe how this unexpectedly high inflation rate would help or hurt the following:
Draw the condensed orbital filling diagram of the Mn+2 elements. Is Mn+2 elements paramagnetic/diamagnetic?
France and Poland each have one worker whose monthly linear Production Possibility Frontier indicates the following production possibilities:
Anyone can start a bank operation but first you need permission from the government. What is that permission called?
For each of the following statements, identify the type of market it describes. Use an example from the readings or the internet for each characteristic and explain your choice.
What do you expect will happen to the firm's output in the long run (will it increase, decrease, stay the same)? Explain clearly.
The question belongs to Economics, mainly Macroeconomics and it is discusses about conducting research on one country for the past ten years and to know the economic performance of the Thailand.
Describe the macroeconomic and microeconomic concepts and how they relate to the management of a global organization.
Briefly interpret what the point estimates of the α and β coefficients would mean. Also explain how these estimates could be informative to verify whether the country-level production function has constant returns to scale.
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